2014 Annual Report
Main conclusion: Organizations that are fully or partially owned by U.S. citizens employed 65% more
people in Macedonia in 2013 than they did in 2006, with the greatest job growth occurring in 2012-13.
Main conclusion: Organizations that are fully or partially-owned by U.S. citizens have experienced an
increasing trend in their gross revenue to employee ratios from 2006-11, peaking in 2011 when this ratio
had more than doubled 2006 levels. The trend appears to have begun reversing in 2012 and dropped
sharply in 2013. When comparing 2013 with 2006 levels, one observes a 25% increase.
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